Sterilization Services Market: Introduction
According to the report, the global sterilization services market was valued at US$
3.1Bn in 2018 and is projected to expand at a CAGR of ~7% from
2019 to 2027. Sterilization service providers offer sterilization of
various supplies such as medical devices, instruments, pharmaceuticals, and
other products. The services can be provided either at the sterilization
facilities or on-site i.e.,at the customer’s location. Modality used for
sterilization differs according to the device or product to be
sterilized.Increase in the number of surgeries, growth of the pharmaceutical
&biotechnology industry, and rise in number of hospital-acquired/associated
infections are the major factors anticipated to drive the global sterilization
services market during the forecast period. North America held major share of
the global market in 2018 due to increase in demand for new
modalities for medical device sterilization and facility expansion by service
providers. Additionally, increase in emphasis on sterile medical supplies is
expected to boost the growth of the market in North America during the forecast
period.
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The sterilization services market in Asia Pacific islikely to expand at
ahigh CAGR of 8.2%from 2019 to 2027. Increase in number of
surgical procedures and rise in number of sterilization service providers are
likely to fuel the growth of the market in the region.
Rise in Prevalence of Hospital-acquired
Infectionsto Drive Global Market
Rise in prevalence of hospital-acquired infections across the world is
projected to augment the global sterilization services market during the
forecast period.According to the U.S. Department of Health and Human Services,
an estimated one in every 20 infections is hospital-acquired infection in the
U.S. The organization also stated that it is a significant cause of mortality
across the globe.According to the Centers for Disease Control and Prevention
(CDC), 5% to 10% of hospitalized patients contract
hospital-acquired infection, while 1.6 million to 3.8 million infections
reported in long-term care facilities each year.
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Gas Modalitiesto Dominate Sterilization Services
Market
In terms of method, the global sterilization services market has been
classified into gas modalities, radiation modalities, steam, and others. The
gas modalities segment has been bifurcated into ethylene oxide and others. The
radiation modalities segment has been categorized into gamma, electron beam,
and others.The gas modalities segment dominated the market in 2018 and
the trend is projected to continue during the forecast period. Extensive use of
ethylene oxide for sterilization of medical devices, increase in demand for gas
modality,and high acceptance of gas sterilization services are anticipated to
fuel the growth of the segment during the forecast period.
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Contract Sterilization Servicesto Witness High
Demand
Based ontype, the global sterilization servicesmarket has been split
into contract sterilization services and sterilization validation services. The
contract sterilization services segment accounted for the largest market share
in 2018.The contract sterilization services segment is likely to dominate the
market during the forecast period, owing to increase in availability of
sterilization services, rise in number of services providers offering customized
sterilization services,and establishment of new sterilization facilities across
the globe
Offsite Sterilization Services to be Key Mode of
Delivery
In terms of mode of delivery, the global sterilization services market
has been divided into offsite sterilization services and onsite sterilization
services. The offsite sterilization services segment held major share of the
global sterilization servicesmarket in 2018. Large share of the
off-site sterilization services segment can be attributed to increase in number
of service providers having large capacity sterilization facilities, and rise
in focus on reducing emission of ethylene oxide from these facilities.
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Medical Device Companies to be Major End Users
Based on end user, the global sterilization services market has been
classified into medical device companies, hospitals & clinics, food &
beverages, pharmaceuticals, and others.The medical device companies segment is
likely to dominate the global market during the forecast period, owing to the increase
in demand for sterile surgical instruments and rise in number of medical device
manufacturers, especially in Asia Pacific.
North America to Dominate Global Market; Asia
Pacific to Offer Significant Incremental Opportunities
In terms of region, the global sterilization services market has been
segmented into North America, Europe, Latin America,Asia Pacific, and Middle
East &Africa. North America is projected to account for a major share of
the market during the forecast period. Rise in preference for advanced surgical
procedures and increase in awareness about radiation modalities for
sterilization are the major factors likely to drive the market in North
America.The sterilization services market in Asia Pacific is anticipated to
grow at a rapid pace in the next few years. China is expected to be a lucrative
market for sterilization services during the forecast period. Regulatory
approvals for sterilization & irradiation centers, rise in prevalence of
chronic health conditions, including lifestyle disorders, and increase in focus
onquality control in healthcare institutes are projected to boost the growth of
the market in the region.
Growth Strategies of Key Players
Leading players operating in the global sterilization services market
include E-BEAM Services, Inc., MEDISTRI SA, BGS Beta-Gamma-Service GmbH
& Co. KG, Sterigenics U.S., LLC – A Sotera Health company, Cosmed Group,
Noxilizer, Microtrol Sterilization Services Pvt. Ltd., Midwest Sterilization
Corporation, Andersen Caledonia, Sterilization Services, Steri-Tek, Cantel
Medical Corp., Steris plc., WuXi AppTec, Avantti Medi Clear, and Viant.
Facility expansion, regulatoryapprovals, and expansion in new geographic
locations across the world are the key strategies adopted by prominent service
providers operating in the global sterilization services market.
Global Sterilization Services Market: Segmentation
Sterilization Services Market, by Product
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Sterilization Services Market, by Type
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Sterilization Services Market, by Mode of Delivery
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Sterilization Services Market, by End User
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Sterilization Services Market, by Region
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